Thruvision Group PLC Contract award announcement (7715Z)
May 22 2019 - 2:01AM
UK Regulatory
TIDMTHRU
RNS Number : 7715Z
Thruvision Group PLC
22 May 2019
RNS REACH
22 May 2019
Thruvision Group plc
("Thruvision" or the "Company")
Contract award announcement
Thruvision (AIM: THRU) the specialist provider of
people-screening technology to the international security market,
is pleased to announce two recent, strategically important contract
awards by US customers which, in total, amount to $3.1 million of
equipment and support, of which $2.3 million will be delivered in
FY20, [with the balance to be booked as support revenue in future
years].
Firstly, following a small order in early 2019, the US State
Department's Bureau of International Narcotics and Law Enforcement
Affairs (INL) has awarded Thruvision a framework purchasing
agreement. INL's mission is to minimise the impact of international
crime and illegal drugs on the US, its citizens and partner nations
by providing effective foreign government assistance. As part of
this award, an initial order for Thruvision equipment has been
placed for immediate delivery to a central American host
nation.
Second, following Los Angeles Metro's decision to purchase
Thruvision in 2018, Los Angeles World Airports (LAWA), which
operates Los Angeles International Airport (LAX), has ordered a
small number of Thruvision units to provide a new layer of employee
security screening. LAWA chose Thruvision based on its safe,
respectful, high-throughput capability. Earlier this year,
Thruvision received a significant follow-on order from the
Philippines to enhance airport protection, and this provides
another excellent reference point for Thruvision within the
transportation and aviation security market.
Commenting on the announcements, Colin Evans, Chief Executive,
said: "Having been vetted and approved by the TSA for use in the
mass transportation market, we are delighted to see a growing
number of leading US government organisations recognising the
proven performance of our technology. These awards firmly establish
Thruvision in the US border control and aviation security markets
and provide invaluable reference points for the broader
international market."
For further information please contact:
Thruvision Group plc +44 (0)1235 436180
Tom Black, Executive Chairman
Colin Evans, Chief Executive
Investec Bank plc +44 (0)20 7597 5970
Andrew Pinder / Sebastian Lawrence / Patrick Robb
FTI Consulting LLP +44 (0)20 3727 1000
Matt Dixon / Harry Staight / Shamma Kelly
About Thruvision
Thruvision Group plc is a specialist provider of
people-screening technology that can detect metallic and
non-metallic threats - like weapons, explosives and contraband
items - hidden under clothing. Using patented passive terahertz
technology, Thruvision addresses the growing need for fast, safe
and effective security and has been vetted and approved by the US
Transportation Security Adminstration. More than 200 units have
been deployed worldwide over the last five years for applications
including mass transit and aviation security, facilities and public
area protection, customs and border control and supply chain loss
prevention.
www.thruvision.com
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END
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